IMO good or bad, time is running out. However, why would one buy into the SPP with the SP currently at the offer.
So unless Jurgen has other motives, beyond what we understand, there needs to be a catalysts for the shareholder to participate.
And if there were to be news, it needs to released within the next four days.
Otherwise whats the point. Weaning for an Institutional? Give us a 'i gave you an opportunity to the retail shareholder. Maintain a VWAP for two weeks?
What would the reason be to maintain a surpressed SP?
Why hasn't the amount of money to be raised nor the amount of shares to be issued or capped at been disclosed, so as the shareholder can make a fully informed dicision to participate? Nothing is underwritten.
All cloak and dagger stuff.
So for me, umless there some catalyst proved or new, I'll keep my money in my pocket.
What disturbs me is that Jurgen probably already knows that.
And for me MEO will cancel the SPP.
You might ask? What about all the booklets sent?
I reckon about $40,000 was spent, tops.
MEO Price at posting:
21.5¢ Sentiment: Hold Disclosure: Held
